Cartus has launched the Cartus Cost Simulator, a tool that lets corporate clients model the full cost of employee relocations in minutes. It draws on real-time pricing from Cartus’ supplier network and a built-in tax engine.
Powered by Topia and integrated into Cartus’ services through APIs, the simulator lets mobility managers adjust move variables, compare up to four scenarios side by side, switch currencies, and produce cost estimates instantly. It uses live pricing for moving services, temporary living, and travel. The tax engine works out home- and host-country taxability for each benefit, so the simulator can calculate the full cost to the employer. Users can also override or remove individual cost items. Cartus says the tool was developed in response to client demand for more visibility into costs and that estimates are not fixed quotes or caps on final costs.
“We are proud to be the only relocation management company offering a solution with this level of precision and flexibility so our clients can scenario-plan and make faster decisions based on real-time, accurate data,” said Matt Tebbe, president and CEO of Cartus, which is part of Compass International Holdings.
IAM Member Impact: Because the simulator draws pricing directly from Cartus’ supplier network, the rates members submit to Cartus will now feed straight into the estimates corporate clients use to make relocation decisions. Members in the Cartus network should keep their rates current and accurate. More broadly, the launch reflects rising demand from corporate clients for instant, transparent pricing.
Source: PR Newswire